Hang Seng Bank Ltd. (OTCMKTS:HSNGY - Get Free Report)'s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $14.93 and traded as low as $14.00. Hang Seng Bank shares last traded at $14.34, with a volume of 3,537 shares traded.
Analyst Ratings Changes
Separately, UBS Group lowered shares of Hang Seng Bank from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce".
Get Our Latest Stock Report on HSNGY
Hang Seng Bank Price Performance
The company has a debt-to-equity ratio of 0.19, a current ratio of 0.74 and a quick ratio of 0.74. The company's 50 day moving average is $14.90 and its 200-day moving average is $14.04.
Hang Seng Bank Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be given a dividend of $0.1456 per share. This represents a yield of 564.0%. The ex-dividend date of this dividend is Thursday, August 14th.
About Hang Seng Bank
(
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Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprises, and institutional customers in Hong Kong, the Mainland of China, and internationally. It operates through five segments: Wealth and Personal Banking, Commercial Banking, Global Banking, Global Markets, and Other.
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